InPoint Commercial Real Estate Income, Inc. Files 8-K

TL;DR

InPoint Commercial Real Estate Income, Inc. filed an 8-K for an 'Other Event' on June 14, 2024. Details pending.

AI Summary

On June 14, 2024, InPoint Commercial Real Estate Income, Inc. filed an 8-K report. The filing indicates an "Other Event" occurred on the same date. Specific details regarding the nature of this event, any associated financial implications, or parties involved are not provided in the excerpt.

Why It Matters

This filing signals a material event has occurred for InPoint Commercial Real Estate Income, Inc., requiring disclosure to investors. Investors should look for further details to understand the impact on the company.

Risk Assessment

Risk Level: medium — The filing of an 8-K for an 'Other Event' suggests a material development, but the lack of specific details in the provided text creates uncertainty about the associated risks.

Key Players & Entities

• InPoint Commercial Real Estate Income, Inc. (company) — Registrant
• June 14, 2024 (date) — Date of Report
• Maryland (jurisdiction) — State of Incorporation
• Oak Brook, Illinois (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — e Redeemable Preferred Stock, par value $0.001 per share ICR PR A New York Stock E
• $645 — ay 31, 2024, we have accrued under GAAP $645 of stockholder servicing fees payable t

Filing Documents

• ck0001690012-20240614.htm (8-K) — 88KB
• 0000950170-24-073699.txt ( ) — 206KB
• ck0001690012-20240614.xsd (EX-101.SCH) — 25KB
• ck0001690012-20240614_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. Determination of May 31, 2024 NAV per Share InPoint Commercial Real Estate Income, Inc. (the "Company," "we," "our") calculates net asset value ("NAV") per share in accordance with the valuation guidelines that have been approved by its board of directors (the "Board"). Our NAV per share, which is updated as of the last calendar day of each month, is posted on our website at www.inland-investments.com/inpoint . The "Net Asset Value Calculation and Valuation Guidelines" section of our prospectus for our public offering (SEC Registration No. 333-264540), as supplemented, contains details regarding how our NAV is determined. Inland InPoint Advisor, LLC, our Advisor, is ultimately responsible for determining our NAV. We have included a breakdown of the components of total net asset value attributable to common stock and NAV per share for May 31, 2024. Our total net asset value attributable to all classes of our common stock in the aggregate is presented in the following table. As of May 31, 2024, we had not sold any Class S shares of common stock in our public offering. As previously announced, on January 30, 2023, our Board unanimously approved the suspension of the sale of shares in the primary portion of our public offering and through our amended and restated distribution reinvestment plan. The following table provides a breakdown of the major components of our total net asset value attributable to common stock as of May 31, 2024 ($ and shares in thousands, except per share data): Components of NAV May 31, 2024 Commercial mortgage loans $ 688,579 Cash and cash equivalents and restricted cash 37,950 Other assets 6,250 Repurchase agreements - commercial mortgage loans (414,743 ) Loan participations sold (57,226 ) Due to related parties (1,667 ) Distributions payable (1,051 ) Interest payable (1,918 ) Accrued stockholder servicing fees (1) (218 ) Other liabilities (328 ) Preferre

View Full Filing

View this 8-K filing on SEC EDGAR